XRP Has 5.6 Times More Long Liquidations at Risk Below Spot as $1.19 Comes Into Focus

XRP remains heavily exposed to downside liquidations, with substantially more leveraged longs positioned below the market than shorts sitting above it. At the Nov. 6, 04:46 UTC snapshot, XRP traded at $1.2047, while a five-exchange liquidation model covering Binance, Bybit, OKX, Gate and Hyperliquid estimated $123.4 million in long-liquidation exposure within 5% below price. By comparison, modeled short-liquidation exposure within 5% above XRP stood at only $22.1 million. That leaves approximately 5.6 times more leveraged long exposure below spot than short exposure above, based on our calculation. The nearest downside cluster sits at $1.1953, only 0.78% below the $1.2047 reference price. The model estimates approximately $11.8 million in long liquidations around this level. The $1.1291 region contains the largest individual downside cluster in the displayed model.

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